It’s not like we’re giving away in trade secrets here or talking out of shop. The rich don’t even try to hide the fact that they’re actively skimming off the top. During the recession, the 99.5%, the “everyone else”, lost $669 billion while the rich managed to earn a whopping $5.6 trillion. Around $2 trillion of that was gained at the expense of others thanks to special tax breaks the wealthiest Americans enjoy that the rest of us have never even heard of.
Frankly though, all of that news seems downright cheerful when compared to what an investment manager, who would like to remain anonymous, wrote in an email in 2011.
“In my view, the American dream of striking it rich is merely a well-marketed fantasy that keeps the bottom 99.5% hoping for better and prevents social and political instability,” the manager wrote in an email to Professor G. William Domhoff of the University of California at Santa Cruz.
Happy holidays everyone!